Ethereum Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum's price has dropped by 5.17% in the last 24 hours to $2,584.49, despite a 1% gain over the past week. Trading volume increased by 4% and circulating supply rose by 0.08%, with a market cap of $311.25 billion.
August 27, 2024 | 3:00 pm
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NEGATIVE IMPACT
Ethereum's price has decreased by 5.17% in the last 24 hours, contrasting with a 1% gain over the past week. Trading volume and circulating supply have both increased slightly.
The significant drop in Ethereum's price over the last 24 hours suggests a negative short-term impact on its value. The increase in trading volume and circulating supply indicates heightened market activity, but the immediate price decline is likely to influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100